Use the data below to answer the question that follows. Country Real GDP (millions) Population Atlantis 700
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Use the data below to answer the question that follows.
Country | Real GDP (millions) | Population |
---|---|---|
Atlantis | 700 | 10 million |
Paradise Island | 200 | 2 million |
What statement about the economies of Atlantis and Paradise Island is supported by the data above?
Paradise Island's real GDP per capita is greater than Atlantis's real GDP per capita. There is more equal distribution of wealth in Atlantis than Paradise Island. The economy of Atlantis is growing faster than Paradise Island's economy. Atlantis's real GDP per capita is $7,000. Paradise Island's real GDP per capita is $10,000.
Related Book For
Introduction to Corporate Finance What Companies Do
ISBN: 978-1111222284
3rd edition
Authors: John Graham, Scott Smart
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